Trulieve is one of the few stocks that can truly be described as a hidden gem. Should you buy TCNNF or TRUL stock today, before they up list to the major exchanges?
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Shoutout to Emmanuel for his help with the DD 🔥
Trulieve is one the leading cannabis companies in the US. They operate in 11 different states, with 161 dispensaries. 113 of those are in Florida. They are however rapidly expanding into other states. Some other MSOs of similar valuation include Curaleaf, Cresco Labs and Green Thumb Industries. They have similar fundamental aspects, but different strategies, such as expanding internationally to Europe, focusing on a different area of the US, or offering different products and services. They're all making rapid progress and large investments, which will bear large profits in the future. The typical fundamental investor would look for undervalued companies with good fundamentals using public financial information. Trulieve is an extreme example of this. It is a financially sound company in one of the fastest growing sectors in the US. On top of this, it offers you the edge of getting in before everyone else can, at a super low valuation.
Cannabis companies are in a grey area when it comes to a lot of legal issues, and they aren’t allowed to have access to a lot of funding from banks and other financial entities. SAFE banking is a bill that the senate may pass within the next few months which would open up funding opportunities for cannabis companies. This would not only allow for massive expansion and growth opportunities, it may also remove some of the stigma around cannabis companies and encourage institutions to invest. Remember, cannabis is federally illegal and still illegal in many states. In a lot of the states where it is legal, it’s only legal for medical purposes. So you can say that Trulieve has been achieving these outstanding fundamental results with “one hand tied behind its back.” To be a company operating this well in this kind of environment is remarkable. It also makes you think about the potential, if Trulieve had access to funding, with all states being legal both medically and recreationally. Sure, there are competitors, but Trulieve has shown that they’re very capable of distinguishing themselves, as they dominate the Florida medical cannabis market with a market share of around 50% in their home state of Florida. It’s also important to note that licensing is required to sell, so it’s not as easy as just opening up a shop and selling weed.
Another potential catalyst would be up-listing. Trulieve is not traded on any big exchanges. However this can change any day, and they can list on larger exchanges such as the NASDAQ, TSX and NYSE. This would bring in billions of dollars worth of volume and liquidity, which is what Trulieve needs to be valued correctly. Given their fundamentals, I’d say it’s going to be a pretty high valuation. Not to mention the hype that will come Robinhood, who would now be able to buy it. The only event that happened in the past that was similar was in February 2020 right after the Gamestop run. Wall street bets and others pushed the price of canadian cannabis companies such as tilray and sndl to highs never seen before.
#TRUL #Trulieve #Stockstobuy
